625 Springfield Ave, Newark, NJ 07103 - Photo 1

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$460,000

For Sale
Active
Commercial

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Property Description

Exceptional opportunity to acquire both the real estate and a well-established, family-owned laundromat business. Sold together, this turnkey operation offers stable income with future growth potential.The well-maintained laundromat features 23 washers, including several high-capacity machines accommodating up to 60 pounds, and 20 dryers. In addition to self-service laundry, the business offers wash-and-fold service by the pound. Previous pickup and delivery services have been discontinued, presenting an opportunity for a new owner to reintroduce the service and increase revenue.Recent improvements include newer heating and air conditioning systems (2025), a new coin change machine, newer basement hot water heater, and newer basement access door. Additional income sources include an ATM, snack vending machine, and beverage vending machine.Ideally located in a densely populated residential neighborhood surrounded by homes, apartments, restaurants, and local businesses. A bus stop for Routes 25 and 375 is located directly in front of the property, helping drive consistent customer traffic. Ample street parking adds further convenience.Current business hours are Monday-Friday 8:00 AM-8:00 PM and Saturday-Sunday 7:00 AM-8:00 PM. Financials available upon request.A rare opportunity to own a profitable, necessity-based business and the underlying real estate with established operations, recent upgrades, and upside potential.

Full Property Details

Full Property Details for 625 Springfield Ave

General

Price: $460,000
Taxes: $9,301 (2025)
Status: Active
Type: Commercial
Source: Garden_State
MLS ID: 4033574
Updated: 6/11/2026
Added to Site: 32 day(s) ago

Business

Includes: Building & Business, See Remarks

Interior

Flooring: Laminate

Rooms

Bathrooms

Total Bathrooms: 2
Restrooms: 2

Additional Information

Equipment: Fire Alarm, Fixtures, Machinery, Restrooms - Private, Restrooms - Public, Sign - Building, Smoke Detector, Storage Area(s)

Exterior

Color: Light Grey

Parking

Parking: None, On-Street Parking

Location

County: Essex
Subdivision: West Side
Driving Directions: On Springfield Ave, off of S 15th St
Location Details: Business District, Residential Area

Heating & Cooling

Cooling Type: 1 Unit, Central Air Conditioning
Heating Type: 1 Unit, Baseboard - Hotwater
Heating Fuel: Electric, Natural Gas

Utilities

Sewer: Public Sewer
Water: Public Water
Utility Description: Electric, Natural Gas, Garbage Extra Charge

Structural Information

Construction: Brick/Block
Exterior Const.: Concrete
Basement: Yes
Basement Desc.: Bilco-Style Door, Unfinished, Walk-Out
Roof: Flat
Ceiling Height: 10
Door Dimensions: 7
Stories in Building: 1
Square Feet: 2,712
Aprox. Leasable: 2,712 Sq. Ft.
Office: 144 Sq. Ft.
Remodeled/Updated: 2024

Lot Features

Lot Size (Acres): 0.12
Lot Size: 54.6X96.10
Zoning: Commercial
Lot Description: Corner, Level Lot

Financial Considerations

Price Per Sq. Ft.: $165
Expenses: Electricity, Gas/Oil, Insurance, Payroll, Snow Removal, Taxes, Trash, Water/Sewer
Operating Expenses: $80,000
Assessment Amount: $232,600
Land Assmt: $118,800
Tax Amount: $9,301
Tax Year: 2025

Disclosures and Reports

Ownership: Fee Simple
Documents Avail.: Financial Statement, Income & Expenses
Disclosures: Yes
APN: 1614-02622-0000-00008-0000-
Block: 2622
Lot Number: 8

Listed by C-21 Cedarcrest Realty

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— 625 Springfield Ave —

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973-228-1050

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Schools

Schools serving 625 Springfield Ave

School District:Newark City School District

Name	Grades	Distance
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103	K-6	0.7 mi
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103	PK-8	0.8 mi
Hawthorne Avenue Elementary School 428 Hawthorne Ave, Newark, NJ 07112	K-6	0.8 mi
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103	9-12	0.8 mi
West Side High School 403 South Orange Avenue, Newark, NJ 07103	9-12	0.9 mi
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108	9-12	1.2 mi
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103	5-8	1 mi
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106	PK-8	1.1 mi
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108	K-8	1.1 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 625 Springfield Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

6/11/2026

Price Increased

$460,000

2.22%

MLS

6/10/2026

Listed

$450,000

60.71%

MLS

3/14/2023

Sold

$280,000

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 625 Springfield Ave

Year

Property Taxes

Change

Tax Assessment

Change

2025

$9,302

$232,600

—

2023

$8,671

—

$232,600

—

2022

$8,690

—

$232,600

—

2021

$8,685

29%

$232,600

-8%

2021

$6,739

-29%

$252,700

—

2019

$9,504

$252,700

—

2018

$9,332

$252,700

—

2017

$8,996

$252,700

—

2016

$8,693

$252,700

—

2015

$8,362

12%

$252,700

—

2013

$7,462

—

$252,700

—

View All

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 625 Springfield Ave

625 Springfield Ave, Newark, NJ 07103 (MLS# 4033574) is a Commercial property. 625 Springfield Ave is currently listed for $460,000 and was received on June 10, 2026. Want to learn more about 625 Springfield Ave? Do you have questions about finding other Commercial real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

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625 Springfield Ave Newark, NJ 07103